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Home > What is Nym?
Nym is an open-source, incentivized, and decentralized privacy system that safeguards the communication patterns of any application, wallet, or digital service. Nym is designed to counter traffic pattern analysis and metadata surveillance and has received investments from a16z, Binance, Polychain Capital, Eden Block, and the European Commission.
For more information: nymtech.net
Lesson 1
Nym is the leading Web3 privacy infrastructure providing layer-zero privacy protections across chains and beyond. Decentralized, incentivized, and open source, the Nym mixnet encrypts and relays traffic through layers of mix nodes, obfuscating communications from prying eyes and concealing metadata like IP address, geolocation and more. Learn why tens of thousands of people and partners have joined forces, contributing to Nym’s mission to create a safer, better internet that’s private and secure for everyone.
Lesson 2
Nym has garnered support from renowned venture capitalists such as a16zcrypto, Binance labs, and Digital Currency Group. Noteworthy validators, including Polychain, Figment, Lemniscap, and Greenfield One, have also lent their endorsement.
Lesson 3
Nym is a blockchain-based decentralized privacy system, hosting a global network of mixnodes to obscure communication trails and enhance user privacy.
It employs NYM token to incentivise node operation, allowing for scalable incentives in response to system demand.
Unlike conventional systems, Nym’s design emphasizes both upward and downward scalability, promoting efficient resource utilisation.
Lesson 4
Zk-nym credentials can be used to enable end users to access digital apps and services without having to reveal sensitive information.
Imagine you go to the cinema, you should only need to show your ticket. That is not the case online.
When you watch a movie or make a purchase or use other online services, you repeatedly have to provide your name, payment details, address and other sensitive information. It should not have to be that way.
With zk-nym credentials, it is possible to anonymously prove your right to access digital services while retaining your privacy.
Continue exploring by following us on X at https://twitter.com/nymproject.
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